ILCB vs. SOXX

Last updated Jun 24, 2026

ILCB (iShares Morningstar U.S. Equity ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - ILCB is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, ILCB returned 14.97%/yr vs 36.08%/yr for SOXX. A 0.73 correlation means they provide meaningful diversification when combined. ILCB charges 0.03%/yr vs 0.34%/yr for SOXX.

Performance

ILCB vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar U.S. Equity ETF (ILCB) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ILCB achieves a 8.52% return, which is significantly lower than SOXX's 100.58% return. Over the past 10 years, ILCB has underperformed SOXX with an annualized return of 14.97%, while SOXX has yielded a comparatively higher 36.08% annualized return.

ILCB

• 1D: -1.36%
• 1M: -1.01%
• YTD: 8.52%
• 6M: 7.55%
• 1Y: 23.81%
• 3Y*: 21.04%
• 5Y*: 12.58%
• 10Y*: 14.97%

SOXX

• 1D: -7.88%
• 1M: 12.35%
• YTD: 100.58%
• 6M: 98.07%
• 1Y: 167.63%
• 3Y*: 56.18%
• 5Y*: 33.69%
• 10Y*: 36.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ILCB vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCB iShares Morningstar U.S. Equity ETF	8.52%	17.70%	24.96%	26.91%	-19.48%	24.07%	19.40%	32.68%	-8.51%	22.09%
SOXX iShares Semiconductor ETF	100.58%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Correlation

The correlation between ILCB and SOXX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jul 2, 2004	0.73

The correlation between ILCB and SOXX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

ILCB vs. SOXX - Sectors Allocation Comparison

Sectors	ILCB	SOXX
Technology	38.9%	100.0%
Financial Services	11.4%	-
Communication Services	9.9%	-
Consumer Cyclical	9.3%	-
Industrials	8.4%	-
Healthcare	8.4%	-
Consumer Defensive	4.5%	-
Energy	3.1%	-
Utilities	2.6%	-
Basic Materials	1.8%	-
Real Estate	1.7%	-

Return for Risk

ILCB vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ILCB

ILCB Risk / Return Rank: 60
ILCB Sharpe Ratio Rank: 60
ILCB Sortino Ratio Rank: 57
ILCB Omega Ratio Rank: 59
ILCB Calmar Ratio Rank: 57
ILCB Martin Ratio Rank: 67

SOXX

SOXX Risk / Return Rank: 95
SOXX Sharpe Ratio Rank: 97
SOXX Sortino Ratio Rank: 92
SOXX Omega Ratio Rank: 92
SOXX Calmar Ratio Rank: 97
SOXX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ILCB vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar U.S. Equity ETF (ILCB) and iShares Semiconductor ETF (SOXX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ILCB	SOXX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	4.28	-2.39
Sortino ratio: Return per unit of downside risk	2.59	4.15	-1.56
Omega ratio: Gain probability vs. loss probability	1.34	1.60	-0.26
Calmar ratio: Return relative to maximum drawdown	2.63	10.70	-8.07
Martin ratio: Return relative to average drawdown	11.66	38.46	-26.80

ILCB vs. SOXX - Sharpe Ratio Comparison

The current ILCB Sharpe Ratio is 1.89, which is lower than the SOXX Sharpe Ratio of 4.28. The chart below compares the historical Sharpe Ratios of ILCB and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ILCB vs. SOXX - Drawdown Comparison

The maximum ILCB drawdown since its inception was -51.53%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for ILCB and SOXX.

Drawdown Indicators

	ILCB	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-51.53%	-70.21%	+18.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-15.77%	+6.68%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-41.36%	+22.31%
Max Drawdown (5Y) Largest decline over 5 years	-25.47%	-45.75%	+20.28%
Max Drawdown (10Y) Largest decline over 10 years	-35.30%	-45.75%	+10.45%
Current Drawdown Current decline from peak	-3.00%	-7.88%	+4.88%
Average Drawdown Average peak-to-trough decline	-6.23%	-19.94%	+13.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	4.38%	-2.33%

Volatility

ILCB vs. SOXX - Volatility Comparison

The current volatility for iShares Morningstar U.S. Equity ETF (ILCB) is 4.82%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.75%. This indicates that ILCB experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCB	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	22.75%	-17.93%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	33.44%	-23.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	39.42%	-26.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	37.21%	-19.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	34.00%	-15.80%

ILCB vs. SOXX - Expense Ratio Comparison

ILCB has a 0.03% expense ratio, which is lower than SOXX's 0.34% expense ratio.

Dividends

ILCB vs. SOXX - Dividend Comparison

ILCB's dividend yield for the trailing twelve months is around 1.00%, more than SOXX's 0.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCB iShares Morningstar U.S. Equity ETF	1.00%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%
SOXX iShares Semiconductor ETF	0.24%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Frequently Asked Questions

Can I hold both ILCB and SOXX in my portfolio?

ILCB and SOXX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ILCB or SOXX?

SOXX has higher volatility (22.75%) compared to ILCB (4.82%). In terms of maximum drawdown, ILCB dropped -51.53% vs SOXX's -70.21%.

Which ETF is better, ILCB or SOXX?

On 10-year performance, SOXX leads with 36.08% vs 14.97% for ILCB. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILCB or SOXX?

Over the 10-year period, SOXX has performed better with a 36.08% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILCB or SOXX?

ILCB is cheaper with a 0.03% expense ratio, compared with 0.34% for SOXX.

Which ETF pays a higher dividend yield, ILCB or SOXX?

ILCB has the higher dividend yield at 1.00%, compared with 0.24% for SOXX.

What is the main difference between ILCB and SOXX?

ILCB is categorized as Large Cap Growth Equities, while SOXX is Semiconductors. ILCB tracks Morningstar US Large-Mid Cap Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.03% for ILCB and 0.34% for SOXX.

Which has better risk-adjusted returns?

SOXX currently has the higher Sharpe Ratio (4.28 vs 1.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.